Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
Key Takeaways:
Markets in Search of Clarity: Asian stocks posted modest gains on Wednesday as investors tried to find direction amidst weaker U.S. consumer confidence and a mixed performance in U.S. equities. Despite the S&P 500’s late rally, there’s a lack of clear momentum in the market.
U.S. Economic Concerns: U.S. economic data, especially the dip in consumer confidence, continues to add to concerns about the growth prospects of the world's largest economy. While some are optimistic about the market, others are worried about the broader effects of U.S. tariff policies set to take effect on April 2.
Chinese Tech Stocks in a Breather: Following a strong rally, Chinese tech stocks are taking a pause. However, analysts remain positive, with Morgan Stanley and Goldman Sachs raising their 2025 year-end targets for Chinese stocks. Despite volatility, many believe the government’s support for technology and consumption will drive further growth.
Geopolitical Developments: The market saw improved sentiment following a Russia-Ukraine ceasefire agreement in the Black Sea, although conditions, such as sanctions relief, are required for Russia’s participation. This has helped boost investor confidence, particularly in commodities like oil.
Tariff Worries: President Trump’s tariff plans remain a key point of uncertainty. Recent consumer sentiment surveys show growing concerns over inflation risks from these tariffs, which have the potential to lead to stagflation and increase recession fears. As businesses warn of higher prices, consumer confidence continues to dwindle.
Key Market Movements:
S&P 500 futures rose 0.1%, indicating a slight positive momentum in U.S. markets.
Hang Seng futures climbed 0.6%, reflecting a solid start for Hong Kong stocks.
Japan's Topix rose 0.3%, while Australia’s S&P/ASX 200 advanced 0.8%, signaling overall stability in Asia.
The Bloomberg Dollar Spot Index was little changed, reflecting ongoing uncertainty in currency markets.
Commodities & Cryptocurrencies:
Oil prices edged higher after an industry report showed a drawdown in U.S. inventories, with WTI crude rising 0.3% to $69.22 a barrel.
Gold stayed near its record high, although it dropped slightly by 0.1%.
In the crypto space, Bitcoin fell by 0.2%, while Ether gained 0.2%, continuing its recent trend.
Outlook: With U.S. tariff concerns, geopolitical risks, and economic uncertainty looming, Asian markets are likely to remain volatile in the short term. Investors will continue to look for clearer direction, especially as China’s recoveryand global growth concerns remain at the forefront.
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